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GM POSTS LARGEST-EVER $38.7B LOSS, OFFERS BUYOUTS TO 74,000 HOURLY WORKERS
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#1
02-12-2008, 08:41 PM
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Re: GM POSTS LARGEST-EVER $38.7B LOSS, OFFERS BUYOUTS TO 74,000 HOURLY WORKERS
The good news is international sales are growing for GM!
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#2
02-12-2008, 09:14 PM
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Join Date: Jun 2006
Location: Out West
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Re: GM POSTS LARGEST-EVER $38.7B LOSS, OFFERS BUYOUTS TO 74,000 HOURLY WORKERS
Quote:
Originally Posted by wpage
The good news is international sales are growing for GM!
LOL .. It's ALWAYS good to look for the silver lining. 
I saw that in the article, too.
#3
02-12-2008, 10:29 PM
Hummer Professional
Join Date: Jun 2006
Posts: 373
Re: GM POSTS LARGEST-EVER $38.7B LOSS, OFFERS BUYOUTS TO 74,000 HOURLY WORKERS
GM didn't actually lose that money; the tax code provides enough fodder for any first year grad to create numerous perfectly legal write-offs in avoidance of actually paying any taxes.
GM chose to do it now, likely because the code is going to change with new leadership, so in the future they wouldn't be able to amortize their losses as long to shield profits.
Carry on adventurer......
#4
02-12-2008, 10:53 PM
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Re: GM POSTS LARGEST-EVER $38.7B LOSS, OFFERS BUYOUTS TO 74,000 HOURLY WORKERS
Quote:
Originally Posted by mdoyle
first year grad
Ahem...undergrads too!
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